Blue Owl Capital Corporation (NYSE:OBDC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Blue Owl Capital “Moderate Buy”: Of eight analysts, four recommend buying, one strongly recommends buying, and three rate the stock a hold. The average 12-month price target is $13.00 versus a recent price of $10.44.
• Blue Owl Capital beat quarterly expectations, reporting $0.34 EPS versus the $0.32 consensus estimate and revenue of $396 million. Analysts expect full-year EPS of $1.29.
• The company declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and an indicated 11.9% yield, although its payout ratio is elevated at 221.43%.

Shares of Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.00.

Several equities analysts recently weighed in on OBDC shares. Wall Street Zen raised shares of Blue Owl Capital from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Capital One Financial set a $13.00 price target on shares of Blue Owl Capital in a research note on Friday, July 24th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, July 24th.

Institutional Trading of Blue Owl Capital

Large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC boosted its position in shares of Blue Owl Capital by 440.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company's stock valued at $29,000 after acquiring an additional 2,200 shares during the last quarter. AG Campbell Advisory LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at $36,000. Caitong International Asset Management Co. Ltd raised its stake in Blue Owl Capital by 51.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company's stock valued at $40,000 after purchasing an additional 1,093 shares in the last quarter. Cornerstone Financial Management LLC bought a new position in Blue Owl Capital during the fourth quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC lifted its position in Blue Owl Capital by 102.7% during the first quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company's stock valued at $90,000 after purchasing an additional 4,134 shares during the last quarter. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Down 0.5%

OBDC stock opened at $10.44 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. Blue Owl Capital has a 1-year low of $10.34 and a 1-year high of $13.57. The business has a 50 day simple moving average of $11.18 and a two-hundred day simple moving average of $11.14. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 18.63 and a beta of 0.64.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The firm had revenue of $396.00 million for the quarter, compared to analysts' expectations of $394.23 million. During the same quarter last year, the business posted $0.40 earnings per share. Research analysts anticipate that Blue Owl Capital will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital's payout ratio is currently 221.43%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation NYSE: OBDC is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.

OBDC's investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.

The company was formed as Owl Rock Capital Corporation and began operations in 2016.

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